EOS Freezes Accounts

Source: thenextweb.com

21 block producers have unanimously decided to freeze seven EOS accounts which were suspected of carrying stolen funds. This has created a backlash based on the allegation that the block producers have violated their own constitution. The EOS constitution requires that decisions are to be made by arbitration bodies and the block producers can only act once the arbitration body has decided.

The EOS Core Arbitration Forum (ECAF) had made the decision not to freeze the accounts. The ECAF felt that they had teh lack of authority. They cited that there was an interim constitution in force and it had yet to be ratified by the community. But the block producers decided to freeze the accounts on their own after they had examined the evidence.

In a blog post, EOS New York stated “We plead with the accompanying Block Producers / Candidates that the ECAF must step forward to issue the emergency freeze action on the affected accounts. Without this, we proceeded as group (sic) to review the evidence ourselves, and came to a difficult decision of executing based upon the evidence brought forth”.

They decision of the block producers was meet with widespread criticism. Critics are pointing at their violation of the rules set forth in the constitution which should be followed regardless of the evidence. It would seem that the constitution is not worth the paper it was written if it can be usurped.